Blackstone is contemplating acquiring a small stake in TikTok as the deadline set by President Trump approaches. This investment could enable Blackstone to engage with one of the most popular apps, which has 170 million American users. The urgency arises from federal laws requiring TikTok's sale due to national security concerns over its Chinese ownership. The political landscape is dynamic, with Trump open to negotiations. The app has encountered previous hurdles in the U.S. but maintains resilience amidst uncertainty regarding its ownership.
As April 5 approaches, discussion about potential suitors for the app has intensified. Mr. Trump has been repeatedly approached by parties pitching him ideas.
Investing in TikTok would give Blackstone the chance to take a bite of one of the most popular social media applications in the world, which has over 170 million American users.
If an investment happens, it could boost favor with President Trump, who has made it a mission to save TikTok from disappearing under the federal law.
Last year, Congress passed the law that forces a sale of the app because of national security concerns related to its Chinese ownership.
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